Goldman Sachs and the Great Chinese Stock Grab: FOMO Strikes Again

Alright, folks, let’s talk about the latest episode of “FOMO: International Edition.” Picture this: Chinese stocks are rising faster than that friend who just found out there’s free cake in the office. And now, the big money players are rushing in like they’re trying to get in on the next big TikTok trend they totally don’t understand.

So, what happened? Well, the People’s Bank of China just dropped a stimulus package so large, it’s basically the financial version of Oprah’s “You get a car!” moment. "You get growth! You get liquidity! EVERYBODY GETS RICH!" And it’s working! The Shanghai Composite Index has been rallying for four straight days—like, this thing hasn’t been this excited since, well, July 2020, back when the government also said, “Let’s throw money at the problem and see what happens.” Spoiler: It worked.

Now, here’s where it gets good. Goldman Sachs’ own Scott Rubner, the guy who’s probably done more Zoom calls in the last 48 hours than most of us do all year, says the investors are starting to sweat. They’ve got that “Fear Of Missing Out,” or as the cool kids call it—FOMO. And it's all about China. Yep, even the folks who were convinced China’s economy was stuck in 2022’s reopening flop are now like, “Uh… maybe we spoke too soon?”

But wait, there’s more! These hedge funds? They’ve had about as much money in Chinese stocks as I have in the NBA playoffs—almost none. I mean, less than 7%! But now? Now they’re starting to rethink that. And Tuesday? Oh man, Tuesday was *huge*. Goldman recorded its biggest Chinese stock buying spree since 2021. Like, the kind of buying that says, “Okay, maybe we don’t want to sit this one out after all.”

And let’s not forget: October 1st is coming up, the big 75th anniversary of the founding of the People’s Republic of China. Who wants to bet they’re going to roll out the fireworks, and not just the literal kind? It’s like when your friend has a birthday and suddenly everyone’s reminded, “Oh yeah, I actually like that guy!”

But listen, before you get all excited and call your broker, the usual disclaimer: investing is risky. It's like joining a Zumba class—you might sweat a lot, you might look silly, and you might fall flat on your face. So, you know, do your research! Don’t just follow the hype, unless of course, you like living dangerously.